Go back
Forest Landowners Guide To The Federal Income(1st Edition)
Authors:
United States Department Of Agriculture Forest Service
Cover Type:Hardcover
Condition:Used
In Stock
Include with your book
Free shipping: April 03, 2024Popular items with books
Access to 3 Million+ solutions
Free ✝
Ask 10 Questions from expert
200,000+ Expert answers
✝ 7 days-trial
Total Price:
$0
List Price: $50.00
Savings: $50(100%)
Book details
ISBN: 979-8867023140
Book publisher: Independently published
Get your hands on the best-selling book Forest Landowners Guide To The Federal Income 1st Edition for free. Feed your curiosity and let your imagination soar with the best stories coming out to you without hefty price tags. Browse SolutionInn to discover a treasure trove of fiction and non-fiction books where every page leads the reader to an undiscovered world. Start your literary adventure right away and also enjoy free shipping of these complimentary books to your door.
Forest Landowners Guide To The Federal Income 1st Edition Summary: The "Forest Landowners’ Guide to the Federal Income Tax" is an updated handbook that supersedes Agriculture Handbook No. 718 and incorporates tax legislation and administrative changes up to September 30, 2012. The guide is designed to aid forest landowners in understanding and navigating the Federal income tax laws as they apply to timber and forest land. Key points include:Tax Planning and Considerations: The guide emphasizes the importance of integrated financial and forest management planning, including estate planning and considerations for acquiring or selling forest land.General Tax Considerations: It discusses different types of forest ownership and operation, structuring timber activities for tax purposes, and the implications for various types of taxpayers.Cost Considerations: The handbook covers capital costs, basis adjustments, reforestation tax incentives, depreciation, and the Internal Revenue Code section 179 deduction, as well as operating expenses and carrying charges.Income Considerations: It details how to handle timber sale receipts, government program payments, and other timber-related receipts, including the appropriate use of IRS Form T (Timber).Property Exchanges and Losses: The guide explains tax implications of voluntary property exchanges, like-kind exchanges, and deductible losses due to casualties, thefts, condemnations, and noncasualty losses.Forest Stewardship and Conservation Easements: It addresses the tax treatment of forest stewardship activities, conservation easements, and related estate planning considerations.Other Tax Considerations: Topics such as installment sales, the alternative minimum tax, self-employment taxes, and the taxation of Christmas tree production and nontimber forest products are also covered.Ownership and Business Organization: The guide discusses forms of forest land ownership and business organization, including partnerships, corporations, and limited liability companies.Research and Assistance: It provides guidance on researching tax questions, appeals procedures, and sources of tax assistance.Recordkeeping: The handbook emphasizes the importance of maintaining thorough records for forest land purchases and management.The guide is intended as a resource for forest landowners and their tax advisors to foster good management practices and is organized into sections that cover planning, cost and income considerations, property exchanges, other tax implications, ownership forms, research, assistance, and recordkeeping. It includes a glossary, IRS rulings, and instructions for IRS Form T (Timber). However, it is not an official IRS publication and should not be taken as an official interpretation of the Internal Revenue Code.
Customers also bought these books
Frequently Bought Together
Ethnobotany And Biochemistry Of Medicinal Plants - 1st Edition
M M Abid Ali Khan
ISBN: 9388854292, 978-9388854290
$0 $99.35
The Puritan Family Religion And Domestic Relations In Seventeenth Century New England - Revised & Enlarged Edition
Edmund S Morgan
ISBN: 0061312274, 978-0061312274
$0 $13.49
Ethical Obligations and Decision Making in Accounting Text and Cases - 3rd edition
Steven Mintz
ISBN: 007786221X, 978-0077862213
$0 $180.00
Using Sage 50 Accounting 2021 - 1st Canadian Edition
Mary Purbhoo
ISBN: 0137572263, 978-0137572267
$0 $239.00
Smiling Through Your Tears Anticipating Grief - 1st Edition
Lois Krahn Md
ISBN: 1594579326, 978-1594579325
$0 $12.75
Top Reviews for Books
Jonathan Mooney
( 5 )
"Delivery was considerably fast, and the book I received was in a good condition."